Petty Cash Accounting
Petty Cash Accounting
Petty Cash · Generally petty cash funds for orgs should be set up in amounts not to exceed $500 · Petty cash funds are not to be used as an
Types of Petty Cash Book · Columnar petty cash books consist of many money columns which record daily expenditures · The particulars of cash receipts and Petty cash is a small amount of money a company keeps for small, incidental expenses These minor payments include office supplies, stationery,
yono all app 2024 A 'Petty Cash Reimbursement' form must be completed, listing all the purchases, applicable taxes and assigning an appropriate account number to every expense How to set up a petty cash management system · Appoint someone as petty cash custodian · Fund the account · Secure the funds · Establish
